🚨🚨 BIGGEST REGRET TILL NOW 🚨🚨
Yesterday, I asked: "Which coin do you regret buying the most during this bullish period?" The consensus was clear: altcoins. Whether older coins like $ROSE, $SHIB, and $PEOPLE, or newcomers like #IO, BB, and RVX, most didn't profit and faced prolonged declines.
Key reasons for this:
1. Market Flooded with New Coins 🌊: Like the A-share market, projects often list to raise funds quickly, diverting investments to a few high-quality projects.
2. Lack of Greed 🤑: Altcoins struggle unless the market sentiment becomes extremely greedy:
- Greed index surpasses 80.
- Major coins set new highs.
- Top 5 cryptocurrencies' market share drops significantly, with copycats holding less than 20% of the total market cap.
During late bull markets, copycat coins may surge briefly, attracting retail investors before the cycle turns. This highlights the cyclical nature of bull and bear markets.
Until greed overtakes reason, the prospects for copycats remain limited. Currently, the environment favors established leaders, indicating the era of copycats isn't imminent.